How to bet on the price of water


BOOK REVIEW

Bet the Farm: How Food Stopped Being Food, Author: Frederick Kaufman.

By Rob Curran – Since it opened in late March, 1.6 million Australian dollars in forward contracts representing about 16.5 billion liters of water have changed hands on Waterfind’s online market. That’s a drop in the ocean of global reserves, but it’s a significant symbolic step in the gradual “commodification” of water.

A 1994 Australian regulation separated land and water rights, much like what had happened during the settlement of the American West. This allowed landowners to sell access to water on their land more easily and opened the way for the growth of water markets. more> http://tinyurl.com/nee88b4

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